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Italy PM Monti says he will unfreeze more Libyan funds

After a meeting with the Libyan National Transitional Council Chairman, Italy's Prime Minister said his country has unfroze EUR600 million in Libyan assets, pledging more to come

Reuters, Friday 16 Dec 2011
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Italian Prime Minister Mario Monti said on Thursday that Italy would continue to unfreeze Libyan holdings.

Monti spoke after meeting Libyan National Transitional Council Chairman Mustafa Abdel Jalil. Monti said that Italy had already released 600 million euros in Libyan assets. Jalil pledged to use the unfrozen funds to pay debts to Italian companies.

Jalil also said that Italy's state-owned oil company Eni had reached 70 percent of its pre-conflict output capacity in Libya.

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